Strategic Advisors LLC Has $3.62 Million Stake in Kinsale Capital Group, Inc. $KNSL

Strategic Advisors LLC grew its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 61.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,515 shares of the financial services provider’s stock after purchasing an additional 3,247 shares during the quarter. Strategic Advisors LLC’s holdings in Kinsale Capital Group were worth $3,621,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KNSL. V Square Quantitative Management LLC bought a new position in shares of Kinsale Capital Group during the second quarter worth about $31,000. Root Financial Partners LLC acquired a new position in shares of Kinsale Capital Group in the 3rd quarter worth approximately $33,000. Darwin Wealth Management LLC bought a new stake in shares of Kinsale Capital Group in the 2nd quarter valued at $38,000. VSM Wealth Advisory LLC bought a new stake in shares of Kinsale Capital Group in the 2nd quarter valued at $39,000. Finally, Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Kinsale Capital Group during the third quarter worth $43,000. 85.36% of the stock is owned by institutional investors and hedge funds.

Kinsale Capital Group Stock Performance

NYSE KNSL opened at $389.96 on Thursday. The company has a market capitalization of $9.07 billion, a PE ratio of 19.15, a price-to-earnings-growth ratio of 1.36 and a beta of 1.00. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.09 and a current ratio of 0.09. Kinsale Capital Group, Inc. has a 52-week low of $349.00 and a 52-week high of $512.76. The company has a 50-day simple moving average of $389.38 and a 200 day simple moving average of $422.72.

Kinsale Capital Group announced that its Board of Directors has initiated a stock buyback plan on Thursday, December 11th that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the financial services provider to purchase up to 2.8% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Kinsale Capital Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 11th. Investors of record on Friday, November 28th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, November 28th. Kinsale Capital Group’s payout ratio is 3.34%.

Analyst Ratings Changes

A number of analysts have commented on KNSL shares. JPMorgan Chase & Co. cut their price target on shares of Kinsale Capital Group from $460.00 to $450.00 and set a “neutral” rating on the stock in a research report on Monday, October 27th. Morgan Stanley restated an “overweight” rating on shares of Kinsale Capital Group in a research report on Tuesday, December 16th. Royal Bank Of Canada assumed coverage on shares of Kinsale Capital Group in a research note on Tuesday, November 25th. They issued a “sector perform” rating and a $415.00 price objective for the company. TD Cowen dropped their price target on Kinsale Capital Group from $448.00 to $442.00 and set a “hold” rating on the stock in a research note on Tuesday, November 4th. Finally, Cantor Fitzgerald reduced their price objective on shares of Kinsale Capital Group from $470.00 to $422.00 and set a “neutral” rating for the company in a report on Wednesday, January 14th. Four research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Kinsale Capital Group currently has a consensus rating of “Hold” and a consensus target price of $476.60.

Kinsale Capital Group Company Profile

Kinsale Capital Group, Inc (NYSE:KNSL) is a specialty property and casualty insurance company headquartered in Richmond, Virginia. Established in 2009, the company focuses on underwriting complex and underserved risks across the United States. Kinsale operates through a network of wholesale brokers and independent agencies, offering tailored coverage solutions for a range of niche industries.

The company’s product portfolio includes general liability, business auto, professional liability, environmental liability, inland marine, cyber liability, and other specialty lines.